Remittix (RTX) Is The Next Blue-Chip Crypto To Explode

Ethereum has surged 60% in the past month, crossing $2,500 and sparking bold Ethereum price predictions.

Ethereum (ETH) has seen a strong recovery after dropping below $1,700 last month. The second-largest cryptocurrency rose above $2,500 on Thursday, continuing its recovery from June’s lows.

Despite a rocky period with a bear market and cryptocurrency exchange failures, Ethereum managed to stay afloat. The Pectra upgrade and some changes at the Ethereum Foundation helped spark interest in the world’s second-largest cryptocurrency.

After a rocky period with a bear market and cryptocurrency exchange failures, the second-largest cryptocurrency is slowly recovering.

Ethereum saw a huge price jump from below $1,700 to over $2,500 in just a few weeks. This rally comes after the Pectra upgrade and some changes at the Ethereum Foundation. According to CoinShares, ETH investment products saw $205 million in inflows last week.

On-chain data from Santiment shows that wallets holding 10,000 to 100,000 ETH also added 670,000 ETH in five days as whales kept buying the token. But not everyone is bullish on the cryptocurrency.

On the Chicago Mercantile Exchange (CME), hedge funds added over $800 million in short positions, betting on the price to drop further.

These opposite moves from major institutions hint that ETH might stay in a tight price range. A break above $2,600 and sustained trading above that level could open the way for gains to $3,000 and then $3,250, platforms like FXEmpire add.

However, a drop below $2,100 might see the price quickly decline to $1,688 or even $1,500. Currently, Ethereum’s price predictions chart shows a flag pattern, and a bounce from $2,260 could trigger the next breakout.

Pectra upgrade cuts supply and boosts speed, will it move ETH long term?The Pectra upgrade is one of the things that helped boost ETH’s price in April and May. The update allows the network to burn more gas fees and process more transactions per block, making Ethereum cheaper and faster to use, especially for Layer 2 apps like Arbitrum and Base.

It also reduces the amount of ETH available for trading. According to data from on-chain analytics firm Santiment, only 4.9% of ETH is now held on exchanges, the lowest level ever recorded. This makes it harder for people to sell the token, which supports price stability and long-term growth.

Source: TradingView

Remittix grows during ETH’s uncertainty, and might beat it in returnsWhile ETH investors are dealing with mixed signals, another token is quickly gaining attention and growing during a period of uncertainty in the crypto market.

Remittix is a project that began presale earlier this year and is still ongoing, rapidly selling out at $0.781 per token. It’s not just another coin; it’s a working PayFi protocol that enables users to easily send crypto as fiat directly to bank accounts. This real-world use case is a key differentiator for Remittix in a market saturated with hype-driven projects.

Remittix’s smart wallet provides users with complete control over their funds without compromising privacy. The team has already completed critical third-party audits of the project’s code and supports over 100 cryptocurrencies for sending money in over 30 fiat currencies.

With same-day processing, no foreign exchange costs, and a flat 1% fee, the platform solves several issues that crypto platforms usually struggle with.

RTX, the token that powers Remittix, also offers a 4% to 8% reward to those who hold the token for a period of time, depending on the tier. This isn’t speculation; it’s built-in earnings, even before public trading begins.

Some early buyers are comparing RTX to Dogecoin (CRYPTO: DOGE) in its early days. Dogecoin began with no clear use case but nonetheless generated huge returns for early buyers.

Remittix is doing more than DOGE ever did, and it’s doing it in the time leading up to its launch. That’s why RTX is attracting attention from experienced investors who want better odds than ETH offers.

Final word: ETH might rise, but RTX could exploodeDespite the strong start to 2024 for Ethereum, it still faces some challenges that could limit its upside potential.

If it manages to break the current resistance and maintain trading above $2,600, then we might see a quick move to $3,000, followed by a test of the $3,250 zone.

However, if there’s a breakdown below $2,100, then we can expect a swift return to $1,688, and a clear break